ping
Hahahaha! They’re trying to claim they reviewd all their foreclosures in progress since this story broke?! And they think someone believes this?!
Be interesting to see if they get caught doing more shortcuts.
For all the money that the Banks received in bailouts, every debt in the nation should be removed from the books.
Let’s start by evicting the current tenants of 1600 Pennsylvania Avenue!
I purchased Bank Of America shares this morning at $12.10. It closed at $12.34. I’ll sell it in the $16 range or so I think.
I somehow doubted that this was the big deal it was being touted to be.
I am willing to bet that less than 1% of those who have been faithfully paying their mortgage would be foreclosed on and if it accidentally happened, it would not be difficult to prove that the mortgages were being paid regularly.
Well, dang - I was hoping I could stop paying mine.
8 MILLION homes foreclosed....Crisis isn’t over, it hasn’t even started yet.
And Obama, Pelosi and Reid...just kickin the can down the road to someone else.
Apparently it is not "key" to the WSJ for banks to follow the established laws of property assignment.
all in all the foreclosure-gate stuff will affect about 30,000 mortgages
I can’t believe that anyone actually still uses Bank of America. I use a small local bank for most of my banking. I actually get a live voice on the phone when I call there and they know me.
Wait, no armageddon??? And I was all dressed up for it.
Oh, btw, earlJam, you yadda-yadda’d over the best part! You don’t have to excerpt BusinessInsider. If you don’t mind posting it all here, it’s much easier to read without all the flash.
Bombshell: Industry Price Guide for Fabricated Foreclosure Documents
On the web page:
A foreclosure lawyer sent sent this little beauty by email last night. I had no idea the market was so robust for missing mortgage documents. And apparently there is inflation within the foreclosure fabrication circles. Prices to replace missing documents keep going up ;-)
It seems very obvious that nothing has changed except the tanking of BAC stock and what that implies.
BAC best choice is to defy the various states Attny Gen’ls and they have now been given the green light that no matter how unpleasant, Uncle Sugar will legislate them out of yet one more box its criminal behaior has created.
Foreclosures should have never been halted. Yes, there may be questions on the actual title-holder, but it’s damn sure not the one that is living there rent free.
We shall see.
Nothing is over.